Global Cryogenic Valves Market Size is valued at USD 3.6 Bn in 2024 and is predicted to reach USD 6.9 Bn by the year 2034 at a 6.8% CAGR during the forecast period for 2025-2034
Key Industry Insights & Findings from the Report:
The valves known as cryogenic valves are explicitly made to handle cryogenic fluids. These fluids may be extremely cold, which could lead to the freezing or malfunctioning of ordinary valves. Stainless steel or nickel alloys, which can tolerate extremely low temperatures, are frequently used to create cryogenic valves. They are additionally covered in specific insulating or coatings that shield them from the cold.
The global cryogenic valve market growth is anticipated to increase due to the rising usage of cryogenic valves in various end-user industries, including the food and beverage, chemical, and pharmaceutical sectors, and expanding prospects in transportation, LNG, and CNG. One of the major factors propelling the cryogenic valve market is the growth of investments in the LNG industry.
Additionally, cryogenic valve market expansion is predicted to be aided by the increasing demand for Floating Production, Storage, and Offloading (FPSO) containers. Moreover, the worldwide cryogenic valve market expansion is constrained by metal price fluctuations. The worldwide cryogenic valve market has major possibilities due to rising demand from the chemical and energy sectors. The worldwide cryogenic valve market faces challenges from operational safety involving liquid gas and high operating and preservation costs.
The cryogenic valve market is segmented by application, type, gas and end user. Based on application, the market is segregated as tanks & cold boxes, liquefiers, transfer lines, manifolds & gas trains. By type, the market is segmented into globe valve, gate valve, check valve, bail value, etc. Based on gas, the market is segmented as long, oxygen, nitrogen and others. Based on end users, the market is segregated as energy & power, chemicals, food & beverage, healthcare and others.
The energy & power category is expected to hold a major share of the global cryogenic valves market in 2021. Biological tissues, such as blood, organs, and tissue samples, are at risk when transported or stored at high temperatures. Cryogenics entails using cold weather to preserve these tissues. The technique's capacity to lower cell oxygen intake, which enables long-term storage without harm or degradation over a longer time, has made it widely employed in medical science for preservation purposes. Cryogenic valves are widely used, notably in the brewing and bottling sectors of the food and drink processing industries.
The gate value segment is projected to grow rapidly in the global cryogenic valve market. A gate valve, commonly called a sluice valve, opens by raising a round or rectangular gate or ledge above the fluid's flow channel. The sealing surfaces between both gate and seats on the same plane make a gate valve stand out. A rising stem (the portion of the valve to which the handwheel is attached) and a non-rising handwheel are further qualities of a gate valve. When a gate valve is entirely opened, the platter is completely withdrawn. A gate valve can be used for on/off applications. However, it should not be utilized for repeated operation or throttling as this could result in seat erosion.
The North American cryogenic valve market is expected to register the highest market share in revenue soon. The creation of regional revenue has been a result of economic growth and significant infrastructural development. Moreover, local production, import and export, and consumption patterns have aided market participants in identifying and seizing opportunities. Also, the qualitative and quantitative aspects included in the study with in-depth analysis emphasize the market's motivating and inhibiting elements. In addition, Asia Pacific is projected to grow rapidly in the global cryogenic valves market due to growing environmental concerns, rapid industrialization, government initiatives, and increasing funding in various industries.
| Report Attribute | Specifications |
| Market size value in 2024 | USD 3.6 Bn |
| Revenue forecast in 2034 | USD 6.9 Bn |
| Growth rate CAGR | CAGR of 6.8% from 2025 to 2034 |
| Quantitative units | Representation of revenue in US$ Bn, and CAGR from 2025 to 2034 |
| Historic Year | 2021 to 2024 |
| Forecast Year | 2025-2034 |
| Report coverage | The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
| Segments covered | Application, Type, Gas And End User |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
| Competitive Landscape | Flowserve Corporation., HEROSE GMBH, Emerson Electric Co, Samson Controls Inc, Confab, Inc, Halonium Industrial Valves & Actuators Ltd, Powell Valves and Others. |
| Customization scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and available payment methods | Explore pricing alternatives that are customized to your particular study requirements. |
Cryogenic Valves Market By Application
Cryogenic Valves Market By Type
Cryogenic Valves Market By Gas
Cryogenic Valves Market By End User
Cryogenic Valves Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.